PANews reported on January 19th that, according to Businesswire, the New York Stock Exchange announced it is developing a tokenized securities trading and on-chain settlement platform and will seek regulatory approval for it. The platform will support a tokenized trading experience, including 24/7 operation, instant settlement, USD-denominated orders, and stablecoin-based funding. Its design integrates the exchange's Pillar matching engine and a blockchain-based post-trade processing system, and will support multi-chain settlement and custody.

Once approved by regulators, the platform will provide the New York Stock Exchange with a new trading venue supporting the trading of tokenized stocks that are interchangeable with traditional securities, as well as natively issued digital security tokens. Tokenized shareholders will enjoy traditional shareholder dividends and corporate governance rights. The trading venue is designed in accordance with established market structure principles and will be distributed to all qualified broker-dealers through non-discriminatory channels.